Mcdonough District Hospital
Macomb, Mc Donough County, IL
· CCN 140089
Licensed to Mcdonough County Hospital District
Composite
36.9
rank score
Distress
45
FY2024
Fit
42
vs thesis
Estimated ticket
$4.5M–$9.0M
45 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $78.5M |
| Operating margin | -6.5% |
| Total margin | -1.1% |
| Days cash on hand | 221 |
| Current ratio | 5.92 |
| Occupancy | 21% |
Facility
| Beds | 45 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 45 | $70.1M | $4.3M | -0.1% | 5.6% | 206 | 1.74 | 20% | 1,069 | 24 |
| 2022 | 45 | $76.3M | $10.3M | -0.5% | 11.7% | 129 | 3.04 | 22% | 1,110 | 29 |
| 2023 | 45 | $79.6M | $-46.7K | -4.2% | -0.1% | 273 | 6.52 | 21% | 1,063 | 32 |
| 2024 | 45 | $78.5M | $-916K | -6.5% | -1.1% | 221 | 5.92 | 21% | 1,035 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mcdonough County Hospital District | 5% or greater direct ownership interest | 100 | 2018-09 | |
| Sherri Hitchcock | corporate officer | 2025-02 | ||
| Sherri Hitchcock | w-2 managing employee | 2025-02 | ||
| William Murdock | corporate officer | 2019-04 | ||
| William Murdock | w-2 managing employee | 2019-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in IL
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-03-01 | Saint Joseph Medical Center - Joliet Llc | Presence Central And Suburban... | Presence St. Joseph Medical Center | 425 |
| 2025-03-01 | St Marys Hospital - Kankakee Llc | Presence Central And Suburban... | Presence St. Marys Hospital | 169 |
| 2025-03-01 | Mercy Medical Center - Aurora Llc | Presence Central And Suburban... | Presence Mercy Medical Center | 190 |
| 2025-03-01 | Saint Joseph Hospital - Elgin Llc | Presence Central And Suburban... | Presence Saint Joseph Hospital Elgin | 144 |
| 2025-03-01 | Saint Francis Hospital - Evanston Llc | Presence Chicago Hospitals Network | Presence Saint Francis Hospital | 146 |
| 2025-03-01 | Resurrection Medical Center - Chicago Llc | Presence Chicago Hospitals Network | Presence Resurrection Medical Center | 221 |
| 2025-03-01 | Saint Mary Of Nazareth Hospital -... | Presence Chicago Hospitals Network | Presence Saints Mary & Elizabeth Med | 296 |
| 2025-01-01 | Osf Healthcare System | Katherine Shaw Bethea Hospital | Katherine Shaw Bethea Hospital | 80 |
| 2023-03-01 | American Healthcare Systems Illinois Llc | Granite City Illinois Hospital Company Llc | Gateway Regional | 288 |
| 2023-01-14 | Deaconess Illinois Crossroads Inc | National Healthcare Of Mt Vernon Inc | Crossroads Community Hospital | 47 |
| 2023-01-14 | Deaconess Regional Healthcare... | Marion Hospital Corporation | Heartland Regional Medical Center | 94 |
| 2020-12-01 | Advocate Health And Hospitals Corporation | Advocate Health And Hospitals Corporation | Advocate Southland Health Network | 438 |
| 2020-07-01 | Carle Bromenn Medical Center | Advocate Health And Hospitals Corporation | Carle Bromenn Medical Center | 206 |
| 2020-02-01 | Osf Healthcare System | Little Company Of Mary Hospital Inc | Little Company Of Mary | 222 |
| 2019-10-01 | Thorek Memorial Hospital | Bethany Homes And Methodist Hospital | Methodist Hospital Of Chicago | 141 |